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15 Nov 2023, 6:26 am by jeffreynewmanadmin
For example: Twenty-five advisory firms, broker-dealers, and/or credit rating agencies, including Wells Fargo, HSBC, and Scotia Capital, agreed to pay combined civil penalties totaling more than $400 million to settle charges that they violated the recordkeeping requirements of the federal securities laws; and ABB Ltd., a global technology company, agreed to pay a $75 million civil penalty to resolve charges arising out of an alleged bribery scheme. [read post]
14 Nov 2023, 9:01 pm by renholding
For example: Twenty-five advisory firms, broker-dealers, and/or credit rating agencies, including Wells Fargo, HSBC, and Scotia Capital, agreed to pay combined civil penalties totaling more than $400 million to settle charges that they violated the recordkeeping requirements of the federal securities laws; and ABB Ltd., a global technology company, agreed to pay a $75 million civil penalty to resolve charges arising out of an alleged bribery scheme. [read post]
3 Oct 2023, 9:01 pm by renholding
SEC press release │SEC company order | SEC CEO order | SEC HCCIR order | SEC CFO order  SEC gives cooperation credit for self-reporting disclosure failure In the Matter of View, Inc. [read post]
6 Jun 2023, 8:38 am by Kevin LaCroix
The model also determines a risk-adjusted return on equity. [read post]
10 May 2023, 9:01 pm by renholding
Several de-SPACs that have filed under Chapter 11 have obtained substantial DIP credit facilities from incumbent lenders. [read post]
1 Feb 2023, 9:05 pm by renholding
  Most notably, the IPO market for tech companies (and generally) ground to an almost complete halt, with the number of tech companies raising at least $1 billion in their IPOs falling from twelve in 2021 to zero in 2022 and major anticipated IPOs, such as those of Instacart and WeTransfer, shelved for the foreseeable future. [read post]
3 Jan 2023, 1:47 pm by Kevin LaCroix
The motion to dismiss in the SPAC-related securities suit pending against Faraday Future Intelligent Electric was also denied in significant part. [read post]
[W]hile the disclosure of non-material information is generally not required for the reasons discussed [above], adding the promotion of environmental protection to the other factors considered by the Commission in the administration of the disclosure process causes a different balance to be struck here. . . . . . . . [read post]
25 May 2022, 9:01 pm by Richard Zelichov and Trevor T. Garmey
  In this supplemental publication, the SEC added additional examples of Covid-related risks, including (1) material changes to liquidity; (2) material operational challenges identified by management and the Board of Directors; (3) impacts on existing lines of credit and corporate debt; (4) reductions in capital expenditures; and (5) the use of funding instruments to ensure ongoing access to critical supplies, including loans to vendors and the use of factoring. [read post]
6 May 2022, 7:30 am by Harbir Deol
India relies on coal for 70 per cent of its electricity generation. [read post]
31 Mar 2022, 7:00 pm by Daniel Jin
In addition, it is prohibited for entities other than inter alia licensed credit institutions to accept repayable funds from the public. [read post]
13 Jan 2022, 1:16 pm
Pix Credit HEREThe legal and academic community spent the better part of 4 years under the Trump administration refining the jurisprudence of administrative law and regulation. [read post]
29 Dec 2021, 12:00 pm by Kevin LaCroix
As long-time readers of this blog know, one of the long-range concerns in the D&O insurance industry is the possible exposures of corporate directors and officers to liability claims arising from climate change (as discussed most recently here). [read post]
4 Oct 2021, 6:24 am by Shannon O'Hare
 No consents are required for this form of transfer unless the credit agreement provides otherwise. [read post]
4 Jan 2021, 1:26 pm by Kevin LaCroix
The directors’ and officers’ liability environment is always changing, but 2020 was a particularly eventful year, with important consequences for the D&O insurance marketplace. [read post]
17 Jan 2020, 11:14 am by luiza
General ElectricGeneral Electric (GE), previously honored as a Catch of the Week, wins first place with a penalty of $1.5 billion paid to the Department of Justice (DOJ) under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), as a result of the company’s marketing of subprime residential mortgage loans. [read post]